Job Description: Finance Manager
Location: Kuwait (with oversight for UAE operations)
Reporting to: Chief Financial Officer (CFO)
Purpose of the Role:
The Finance Manager will oversee the financial activities of Kana Group’s diverse portfolio, including Health and Medical services, F&B, E-commerce, Retail, and Salons in both Kuwait and UAE. The role involves financial planning, analysis, reporting, compliance, and strategic advisory to support sustainable growth and profitability across all business lines.
Key Responsibilities:
- Financial Planning and Analysis:
- Develop and monitor budgets, forecasts, and financial models for all business verticals.
- Perform variance analysis to track financial performance against plans.
- Prepare and present monthly, quarterly, and annual financial reports to senior management.
- Strategic Financial Leadership:
- Provide strategic insights to optimize resource allocation and profitability.
- Assess financial risks and develop mitigation strategies.
- Collaborate with operational teams to identify cost-saving opportunities.
- Accounting and Compliance:
- Ensure accurate and timely financial accounting in compliance with IFRS and local regulations in Kuwait and UAE.
- Oversee tax compliance, audits, and statutory reporting.
- Implement and maintain robust internal controls to safeguard company assets.
- Team Leadership:
- Manage and mentor the finance team across multiple locations.
- Ensure continuous professional development and training for the team.
- Drive a culture of accountability and high performance.
- Cash Flow and Treasury Management:
- Monitor cash flows to ensure liquidity for operational needs.
- Manage banking relationships and negotiate financing facilities when needed.
- Oversee payment processes and ensure timely vendor settlements.
- Business Unit Support:
- Work closely with business heads to provide financial insights and support decision-making.
- Tailor financial solutions for the unique needs of each division (e.g., pricing strategies for E-commerce, cost control in F&B, etc.).
- Align financial operations with overall organizational goals.
- System and Process Optimization:
- Implement finance-related systems and tools to streamline operations and reporting.
- Drive process improvements and standardization across the regions.
- Regulatory and Stakeholder Management:
- Liaise with external auditors, tax authorities, and other regulatory bodies.
- Represent the finance department in meetings with internal and external stakeholders.
Qualifications and Skills:
Key Performance Indicators (KPIs):